Gu Jingci: Ethereum Trading Strategy and Market Analysis (July 29)

Bitcoin/Ethereum has been fluctuating within a narrow range for the past few days. Our previously publicly announced short positions on rallies have fallen as expected. Yesterday, we placed two short orders, one at 1890 and the other at 1855, with the latter at 1915 and the latter at 1883. Currently, the market is rebounding again, providing another opportunity to short. The daily and four-hour charts show signs of divergence and weak momentum, with the price range gradually narrowing, signaling a potential trend reversal. Avoid chasing rallies and instead short on rallies. Trading suggestion: Short Ethereum at the current price of 1920, with a target of around 1830-1860. Analysis and strategies are for reference only; please bear your own risks. The article's review and publication may not be timely; please refer to real-time information.